the reserves, no question we have the reserves. in the ground today. number two, we havethetechnologytoget the reserves out of the ground. and number three, we have the money to pay for it. >> right. >> capital exists. >> will the capital be spent? i want to go back. i want to backtrack because i know you are so good at this. with you l the capital be -- so far it has been invested. is that fair? >> it has been invested on private lands, private property owners giving up mineral rights under state permits but something is about to change. that everybody needs to be mindful of. we are about to arrest all of this oil field development when the epa completes their long awaited three-year stud, started at 2010. and it is due in january. to essentially remand the states from taking the variable approach they take on fracking and hydraulic to put a consistent epa knows best policy in place. >> despite the fact we have known this regulation was coming but keep postponing and postponing it. what you are saying is they decided to postpone it after the election, number one and number two, the epa kn